Magazine : 
Best Apps To Invest In Silver in India
Investing in silver has surged in popularity as investors look beyond traditional assets to hedge against inflation, diversify portfolios, and capture long-term growth. With digital investing becoming mainstream, a number of apps now allow you to invest in silver without buying or storing physical metal. But with so many options available, how do you identify the most reliable, beginner-friendly, and cost-effective platforms? Here’s a curated list of the best apps to invest in silver, whether you prefer digital silver, ETFs, or silver-backed securities.
Best Apps To Invest In Silver
Groww is one of India's largest and most widely trusted investment apps. When it comes to investing in silver, Groww provides multiple SEBI-regulated avenues that cater to different Types of investors:
-
Silver ETFs listed on NSE and BSE, offering real-time price discovery and high liquidity.
-
Silver ETF Fund of Funds (FoFs) for investors who want to invest regularly and start an SIP in silver funds.
-
Silver commodity derivative contracts traded on SEBI-regulated exchanges such as MCX via Groww’s commodity trading platform. This method is ideal for advanced traders who trade in commodities.
The app has a clean and simple interface which makes investing in silver seamless for beginners and experienced investors alike. Additionally, Groww also allows users to invest in SEBI-regulated gold products, such as gold ETFs, gold mutual funds, and gold commodity derivative contracts.
Why Groww Stands Out
- Extremely simple, uncluttered UI
- Access to SEBI-regulated Silver ETFs and Silver ETF Fund-of-Funds (FoFs)
- Zero commission on mutual fund investments
- Fast KYC and onboarding
Muthoot Fincorp
Muthoot Fincorp, part of the Muthoot Pappachan Group, is a well-known name in India’s financial sector. Their digital platform, often accessed through the M-Swast app, allows users to buy digital silver backed by SafeGold.
The digital silver purchased through Muthoot is stored in fully insured vaults and can be redeemed as physical silver coins if the investor chooses.
Key Features
- Buy small-ticket digital silver
- Secure vault storage
- Redemption into coins possible
- NBFC-backed reliability
Tanishq (Tata CLiQ & Tanishq Digital Gold/Silver Platform)
Tanishq, part of the Tata Group, has built its reputation on purity and trust in the jewellery market. Tanishq’s digital silver offering combines the convenience of digital investing with the assurance of Tata’s quality standards.
When you buy digital silver through Tanishq (or Tata CLiQ), it is stored in certified vaults until you choose to redeem it. One of the most appealing aspects of Tanishq’s digital silver is that it can be converted directly into jewellery, coins, or bars from Tanishq stores.
Key Features
- Buy silver online easily
- Convert digital silver into jewellery
- Redeem in physical form
- High purity Tanishq standards
Google Pay (GPay) – Digital Silver via MMTC-PAMP
Google Pay offers digital silver through the trusted MMTC-PAMP partnership. Because GPay is already one of the most widely used apps for UPI payments, many users find it extremely convenient to purchase silver without needing to download another dedicated investment app.
The process is straightforward: users simply choose the amount of silver they want to buy, check the live price, and pay through UPI.
Key Features
- Buy silver instantly
- Redeem physical silver coins
- Secure vaulting + insurance
- Simple & intuitive GPay interface
PhonePe
PhonePe is one of the earliest apps to offer digital gold and silver in India. Partnered with SafeGold, the silver you buy is stored in secure, insured vaults. Every gram of silver you purchase is backed by 100% physical silver stored in vaults. SafeGold ensures purity, storage, logistics, and security.
Key Features
- Buy silver starting from ₹1
- Silver stored in 100% insured vaults
-
Can convert digital silver into physical silver coins/bars
- Live price tracking
- No hassle of storage or purity checks
Conclusion
Digital silver has emerged as a modern, hassle-free alternative to traditional silver buying. All the platforms mentioned above ensure your silver is securely stored, insured, and redeemable on demand, making silver investing easier, safer, and more flexible than ever before. As digital silver continues to evolve in India, the trend of micro-investing in precious metals is likely to accelerate even further.
Read More News :
